Bitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME
bitcoin·@workin2005·
0.000 HBDBitcoin Technical Analysis: BREAKOUT IN PRICE AND VOLUME
<center>https://mentormarket.io/wp-content/uploads/2019/02/Analysis_Logo-Resize-1.png</center> <br/><h3>Bitcoin has broken above the $3,600 resistance, and is now testing $3,800. This breakout was backed by a very bullish increase in volume.</h3> <img src="https://img.whaleshares.io/wls-img/workin2005/eeb8f840cb6bfe00be1b9e2681cf9443f90b56dd.png" alt="Screen Shot 2019-02-18 at 9.30.16 AM.png" /> <img src="https://img.whaleshares.io/wls-img/workin2005/166aef5c9174bccca4eb03e79cd32fbe48efe841.png" alt="Screen Shot 2019-02-18 at 9.31.51 AM.png" /> <h3>Looking at the daily MACD, we're seeing some slight bearish divergence. This suggests we could see a pull back. Should that happen, I’d watch for support around $3,700-$3,650.</h3> <img src="https://img.whaleshares.io/wls-img/workin2005/6b914e9fb98d9d77e178a5b1ae20aea6fc621ccd.png" alt="Screen Shot 2019-02-18 at 9.42.56 AM.png" /> <h3>The daily chart also shows price breaking above the 50 day MA. If the daily candle closes above the 50 day MA, it’ll be a good indication this latest breakout has legs...at least temporarily.</h3> <img src="https://img.whaleshares.io/wls-img/workin2005/a4fc656c230d6e5ee3cad5c5ea1416f8a74e3aae.png" alt="Screen Shot 2019-02-18 at 9.31.22 AM.png" /> <h3>Today’s video analysis is a little more in-depth. I discuss market psychology, where price may go next, traps to avoid and so much more. I hope you find it helpful.</h3> <h2>Video Analysis:</h2> <div class="wp-block-embed__wrapper"> https://youtu.be/CYXvIwgZzb8 </div> <p><em>If you don’t see the above video, navigate to TIMM (<a href="https://mentormarket.io/workin/">https://mentormarket.io/workin/</a>) or Steemit in order to watch.</em></p> <h3><strong>I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!</strong></h3> <h3><em>Workin</em></h3> <p></p> <hr /> <center><em>Published by <a href="https://mentormarket.io/profile/?workin2005/">Workin</a> </em></p> <center><em> on </em> <center><a href="https://mentormarket.io"><img class="size-full wp-image-2374 aligncenter" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/150-blue-Overlay-6.png" alt="" width="150" height="40" /></a></center><center><em>with <a href="https://wordpress.org/plugins/steempress/">SteemPress</a></em></center><center><em>https://mentormarket.io/cryptocurrencies/workin2005/bitcoin-technical-analysis-breakout-in-price-and-volume/ </em></center> <hr /> <p style="text-align: center;"><a href="https://mentormarket.io/about/terms-of-service/"><img class="alignnone size-full wp-image-2373" src="https://mentormarket.io/mentor/wp-content/uploads/sites/2/2018/11/Disclaimer.png" alt="" width="750" height="125" /></a></p>
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